Greetings again (smile)
We need crude under these terms and conditions
The procedures for the purchase of light crude API of + 37 and better,
preferable + 40/41 - 47. Quantities from 150,000 - 1 Million barrels per
month. Possible increase to 2 - 3 Million bbls. per month if agreed before.
In case of crude from the USA we also pick up the crude oil and we arrange
shipping. When we do so another Brent will be counted, this is WTI discount
shall be based on WTI with an average of 3 days of the bill of lading date
( 1 day plus, b/l date, one day less).
Kindly let us have specification and storage receipt at your earliest
convenience.
These will be discussed directly between the SVP and the seller are as
follows
We will need a Professional offer (FCO)
+ Partial POP to ensure that the seller really has ownership of the fuel
+ bank letter for the PB. This bank letter must come from a non-African
based prime bank and it must simply confirm that the owner has the funds for
the 2% PB.
Please no TTO or FOB on African crude.
terms and conditions :
Delivery Term : CIF Rotterdam out-turn-barrels (or DES).
Discount to be based on North Sea Brent (NWE)
Payment against out-turn-barrel by T/T secured by a coverage letter of a
European major
The term "DES" has recently been replaced by the term "DAT" (Delivered at
terminal).
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